Kenan Center Inc
- Assets
- $7.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Lockport, NY
- Founding
- 09/1967
- Data as of
- 03/2023
- EIN
- 16-6088230
Organization Overview
Kenan Center Inc is located in Lockport, NY. The organization was established in 1967. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Kenan Center Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenan Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Kenan Center Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.3m during the year ending 03/2023. While expenses have increased by 4.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL COMMUNITY CENTER FOR ARTS, EDUCATION AND RECREATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS AND RECREATION - PROVIDE RECREATIONAL SPORTS PROGRAMS FOR YOUTH AND ADULTS IN SOCCER INCLUDING TRAINING CLINICS AND TOURNAMENTS.
COMMUNITY EDUCATION PROGRAMS, PERFORMING ARTS, AND PROGRAM OVERSIGHT.
VISUAL ARTS - YEAR-ROUND VISUAL ARTS PROGRAMS INCLUDING EXHIBITS, WORKSHOPS, AND TOURS.
MONTESSORI PRE-SCHOOL PROGRAM - OFFERS MULTI-SENSORY, HANDS-ON LEARNING THAT IS CHILD-CENTERED, OPEN TO CHILDREN AGES 3-5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Deluca ESQ President | OfficerTrustee | 1 | $0 |
Judith S Arlington First Vice President | OfficerTrustee | 1 | $0 |
F Patrick Sullivan Second Vice President | OfficerTrustee | 1 | $0 |
Tom Grzebinski Treasurer | OfficerTrustee | 1 | $0 |
Marietta Schrader Secretary | OfficerTrustee | 1 | $0 |
Thomas D Murphy Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,080 |
| Total Program Service Revenue | $341,576 |
| Investment income | $113,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,408 |
| Net Gain/Loss on Asset Sales | $3,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,177,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,719 |
| Compensation of current officers, directors, key employees. | $51,812 |
| Compensation to disqualified persons | $534,431 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,002 |
| Payroll taxes | $48,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,572 |
| Advertising and promotion | $17,857 |
| Office expenses | $86,998 |
| Information technology | $35,167 |
| Royalties | $0 |
| Occupancy | $38,565 |
| Travel | $3,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,296 |
| Insurance | $37,283 |
| All other expenses | $63,150 |
| Total functional expenses | $1,252,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,809 |
| Savings and temporary cash investments | $132,955 |
| Pledges and grants receivable | $264,577 |
| Accounts receivable, net | $21,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,997 |
| Net Land, buildings, and equipment | $791,246 |
| Investments—publicly traded securities | $5,586,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,222,709 |
| Accounts payable and accrued expenses | $79,455 |
| Grants payable | $0 |
| Deferred revenue | $70,103 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,558 |
| Net assets without donor restrictions | $700,910 |
| Net assets with donor restrictions | $6,372,241 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,222,709 |